retiring

[Travelover]

.......The 4% thing is just a handy rule of thumb. I'm not confident using a rule of thumb to plan my retirement, I use more accurate models.

It is true, you can go as deep as you want in analyzing what a reasonable withdrawal rate is, but most people are totally clueless. So, framing the target around something reasonable and easy to understand makes sense to me.

And any analysis is only as good as the input data. How many anticipated the near depression in 2009 or the runaway inflation in the late 70s /early 80s? Who knows what wars, natural disasters, market crashes or other unexpected stuff waits around the corner? Does back tested market returns really predict future returns? Is a Monte Carlo simulation realistic? I say save and invest keeping the 4% at age 65 as a minimum.

 

[atsah]

right now...

And when have we not been experiencing a rising federal deficit?

 

[RickB]

And when have we not been experiencing a rising federal deficit?

If you were to take time to research that question you might be surprised..... and understand why the federal deficit and national debt is of concern to some of us at this time.

 

[atsah]

Since 1970, the federal government has run deficits during every fiscal year for all but four years, from 1998 to 2001..

National Debt by Year Compared to GDP and Major Events

 

[atsah]

If you were to take time to research that question you might be surprised..... and understand why the federal deficit and national debt is of concern to some of us at this time.

Vote you're concerns at the ballot box.. You have any other idea's what us average people can do to change any of it? We can talk about the debt all day, what does it matter?

We have a guy in the WH that has gone bankrupt several times, you think the debt is going to go down? They all have good things about them and bad things about them but they ALL spend to much money...

 

[buckeyefarmer]

Sure enjoyed the retirement talk.

 

[Jstpssng]

Sure enjoyed the retirement talk.

I have learned from it, as I often do when the topic arises. We have some very savvy guys here on TBN. I only wish that I could have read some of the things I've learned here, about 25 years ago.

 

[ovrszd]

Be more scared of the rising federal deficit we are experiencing right now...

Why is the deficit increasing?

 

[RickB]

Vote you're concerns at the ballot box.. You have any other idea's what us average people can do to change any of it? We can talk about the debt all day, what does it matter?

We have a guy in the WH that has gone bankrupt several times, you think the debt is going to go down? They all have good things about them and bad things about them but they ALL spend to much money...

I didn’t come here for a civics lesson. Fact is I agree with the quote above.
Voting doesn’t offer much hope when we are given choices like we had in 2016. 2020 is shaping up to be no different.
Thomas Jefferson is credited with saying democracy is doomed when the electorate learns it can vote themselves a share of the treasury. I paraphrase, but we have arrived.

 

[dnw64]

Why is the deficit increasing?

Because we're greedy.